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Birla Corporation reports 56% fall in Q1 consolidated net profit

08 Aug 2022 Evaluate

Birla Corporation has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 82.30% in its net profit at Rs 13.77 crore for the quarter under review as compared to Rs 77.79 crore for the same quarter in the previous year. However, total income of the company increased by 20.43% at Rs 1,379.14 crore for Q1FY23 as compared Rs 1,145.22 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 56.24% in its net profit at Rs 61.92 crore for the quarter under review as compared to Rs 141.51 crore for the same quarter in the previous year. However, total income of the company increased by 26.14% at Rs 2,218.06 crore for Q1FY23 as compared Rs 1,758.41 crore for the corresponding quarter previous year.

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